| • Largest operator in Cherokee Basin in Kansas & Oklahoma |
| • More than 500,000 net acres in the Cherokee Basin |
| • Reserves 198 Bcfe at 12/31/06, up 53% from 12/31/2005 |
| • Gross production 59MMcf/d |
| • 2007 Capex of $110MM to drill 500+ wells |
| • 372 Bcfe of 3P reserves at 12/31/06 |